EVERGREEN GARDENS SUB (PLATS) Homes with Unfinished Basement type

EVERGREEN GARDENS SUB (PLATS) Homes with Unfinished Basement type

Welcome to Evergreen Gardens Subdivision, a hidden gem nestled in the heart of Detroit City, Wayne County, Michigan. This charming community offers a unique blend of suburban tranquility and urban convenience, making it an ideal place for families, professionals, and anyone looking to embrace the vibrant lifestyle that Detroit has to offer.

Evergreen Gardens is characterized by its picturesque streets lined with mature trees and well-maintained homes, creating a warm and inviting atmosphere. The subdivision features a variety of homes, many of which come with unfinished basements, providing homeowners with the perfect canvas to create additional living space tailored to their needs. Whether you envision a cozy family room, a home gym, or a spacious storage area, the potential is limitless in these versatile basements.

Residents of Evergreen Gardens enjoy easy access to a range of amenities, including parks, schools, and shopping centers, all within a short drive. The neighborhood is well-connected to major highways, making commuting to downtown Detroit or surrounding areas a breeze. Families will appreciate the nearby educational institutions, while nature lovers can take advantage of the local parks for outdoor activities.

In Evergreen Gardens, you’ll find a community that values both comfort and connectivity. The combination of charming homes with unfinished basements and a welcoming neighborhood atmosphere makes this subdivision a fantastic choice for anyone looking to plant their roots in Detroit. Discover the possibilities of living in Evergreen Gardens, where your dream home awaits!

Newest EVERGREEN GARDENS SUB (PLATS) Homes with Unfinished Basement type

$175,000
3 Beds ⋅ 1 Baths ⋅ 20261040404 MLS ⋅ ACTIVE Status
Currently rented at $2,700/month through May 2027, this strong cash-flow property offers investors immediate income, lease stability, and a rare monthly rent figure at this price point. The property produces $32,400/year in gross scheduled rental income, creating an attractive 18.5% gross rent-to-price return and a strong 1.54% monthly rent-to-price ratio before expenses. For DSCR buyers, the rent roll is especially compelling as the current rental income provides strong debt-service coverage potential. Final DSCR will depend on interest rate, taxes, insurance, and lender guidelines, but the income profile is exactly what cash-flow investors look for. The existing lease through May 2027 gives the next owner a clear runway of income without needing to immediately place a tenant, market the property, or absorb vacancy risk. That lease stability is a major advantage for buy-and-hold investors who want predictable performance from day one. This is the type of asset that checks the right boxes: strong monthly rent, tenant already in place, attractive gross return, DSCR-friendly income, and a lease term that supports long-term planning. Whether you are expanding your portfolio or looking for a high-income rental with immediate performance, this property deserves a serious look. Please do not disturb the tenant. Showings to be arranged through the proper channels.

20201 Grandville Ave, Detroit

Courtesy of Keller Williams First 8105151503
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